Iran: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in Iran

The Iranian iron or steel bridges market dropped modestly to $X in 2022, falling by -2.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Iron or steel bridges consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Bridges And Bridge-Sections in Iran

In value terms, iron or steel bridges production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 50% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Iran

After three years of decline, overseas shipments of iron or steel bridges and bridge-sections increased by 12% to X tons in 2022. Over the period under review, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by 611% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel bridges exports reached $X in 2022. Overall, exports posted a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of 361% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Afghanistan (X tons) and Turkmenistan (X tons) were the main destinations of iron or steel bridges exports from Iran, together comprising 86% of total exports. Azerbaijan and Armenia lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel bridges exported from Iran were Iraq ($X), Turkmenistan ($X) and Afghanistan ($X), with a combined 92% share of total exports. Azerbaijan and Armenia lagged somewhat behind, together comprising a further 7.3%.

Armenia, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron or steel bridges export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 71%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Iran

In 2022, overseas purchases of iron or steel bridges and bridge-sections increased by 0.5% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron or steel bridges imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 97% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of iron or steel bridges to Iran, with a 51% share of total imports. Moreover, iron or steel bridges imports from South Korea exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Switzerland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-29.0% per year) and Switzerland (-26.5% per year).

In value terms, Italy ($X), France ($X) and South Korea ($X) were the largest iron or steel bridges suppliers to Iran, together comprising 69% of total imports.

Among the main suppliers, South Korea, with a CAGR of -1.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average iron or steel bridges import price amounted to $X per ton, falling by -5.9% against the previous year. Overall, the import price, however, saw a temperate expansion. The growth pace was the most rapid in 2019 an increase of 69%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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